Prodacta AG
Ad hoc-Service: Prodacta AG Ad-hoc 23.08.00 e
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Prodacta Interim Report First Six Months 2000
Restructuring measures extremely successful
. 18% increase in sales revenues (DM 7.8 million in Q1 to
DM 9.2 million in Q2)
. 33% rise over Q1 in EBIT before amortization resulting from
acquisitions for Q2 (not including non-recurring restructuring
expenses)
Following the comprehensive restructuring measures introduced by
Managing Board Spokesman and trouble shooter Erwin Leonhardi,
Prodacta is now reaping considerable successes. Sales revenues
again increased by 18% from DM 7.8 million in Q1 to DM 9.2 million
in Q2. After adjusting its sales revenue target for the year to
DM 35 million on the basis of the restructuring plan, Prodacta is
now well in sight of its 2000 target with sales revenues of
DM 17.1 million as of June 30, 2000.
Reduction in costs
Restructuring measures such as setting up thematic profit centers
and focusing on the company’s core business contributed to
Prodacta’s substantial improvement in employee capacity
utilization over the past three months. Costs for externals of
DM 0.7 million were sustained at nearly the same level in Q2,
while sales revenues in the project business grew from
DM 6.2 million in Q1 to DM 6.6 million.
The success of these recent measures is also reflected in the
company’s EBIT, since the second-quarter loss – before
amortization resulting from acquisitions – which increased from
DM 5.7 million in Q1 to DM 6.5 million to Q2, includes
DM 2.6 million in one-off restructuring expenses.
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